Tom Wheeler, Former Lobbyist and Obama Loyalist, Seen as FCC Frontrunner
Tom Wheeler, a well-regarded venture capitalist and former cable and wireless industry lobbyist, is the frontrunner to be the next chairman of the Federal Communications Commission, according to top telecom analysts and D.C. policy sources. Wheeler, who is currently managing director at D.C.-based firm Core Capital Partners, is a longtime Obama loyalist. During Obama’s first presidential campaign, he and his wife Carol spent six weeks in Iowa, where they worked the phones and knocked on doors for the candidate. Wheeler also raised hundreds of thousands of dollars for Obama’s two presidential campaigns, according to the Center For Responsive Politics. Wheeler recently received a major boost when several prominent former Obama administration officials wrote a letter to the president supporting his candidacy. “Tom has had an impressive career in the telecommunications and high-tech field that makes him eminently qualified for this position,” the officials wrote. “He understands ...
United States: President’s 2014 Budget Proposal For The Department Of Health And Human Services (HHS) - Mintz, Levin, Cohn, Ferris, Glovsky and Popeo, P.C.
The Obama Administration released its proposed Fiscal Year 2014 budget on April 10th, among which there are significant payment reductions and other forms of savings to the Medicare program.
Found more than 1 month ago on channel Mondaq
Why Pension Funds Are Hooked on Private Equity
When President Obama unveiled his budget last Wednesday, it rekindled a debate over taxation of the private equity industry. Many executives in the private equity business (as well as the venture capital and hedge fund businesses) pay the capital gains rate on their earnings rather than the higher rate paid on ordinary income. Even though these industries make most of their money from the appreciation of assets — the definition of “capital gains” — the President, and many others, believe it is unfair that employees of these funds are able to pay the capital gains rate. After all, these execs are getting paid to manage these funds, not for risking their own capital. Of course, the private equity industry isn’t going to take such a tax hike lying down. According to Politico, the Private Equity Growth Capital Council recently sent a white paper to the House Ways and Means Committeer extolling the benefits of private equity for America’s pension funds. According to the paper: “Since ...
Will the Government Shrink Your IRA?
President Obama's new budget seeks to limit contributions to retirement accounts when their assets reach $3.4 million. Here's what you need to know.
Obama's tax returns: Income drops
President Obama and the first family saw their income drop slightly in 2012, according to tax returns released by the White House on Friday.
Found more than 1 month ago on channel CNN Money